Taiwan shares end 0.76 percent lower

2018/04/23 16:55:56

Taipei, April 23 (CNA) Led by a slide in electronics shares, Taiwan's stock market fell nearly a percent down on Monday to finish at its lowest level since March 5.

The Taiwan Stock Exchange's benchmark index, the Taiex, closed down 82.25 points, or 0.76 percent, at 10,697.13 to end below the six-month moving average, on turnover of NT$135.448 billion (US$4.6 billion).

Some financial and biotechnology shares became havens for investors who dumped their tech shares, which have also been hurt by a United States ban on U.S. companies selling parts and software to China's ZTE Corporation -- a telecom equipment maker headquartered in Shenzhen -- for seven years.